Best Bitcoin Wallet for Online Gambling – Our Top Picks
Looking to bet with Bitcoin? You need a secure wallet to keep your crypto. But how do you even choose one? I’m here to guide you.
In this article, I’ll help you choose the best Bitcoin wallet for online gambling – whether you’re a rookie or a seasoned gambler. Read on to learn about:
- What types of Bitcoin wallets are there?
- The features to look for in a BTC wallet
- How to get started with a Bitcoin wallet?
- My top picks of the year (including advanced and beginner-friendly options)
Let’s jump right in:
Best Bitcoin Gambling Wallet: Quick Picks
In a time crunch? I won’t keep you waiting. These are the top gamblers’ wallet options for 2024:
Wallet | Best for | Where to Use | Type |
---|---|---|---|
Wallet Blockstream Green | Best for Best Bitcoin Wallet Overall | Where to Use Stake, BC.Game, Cloudbet, etc. | Type Hot |
Wallet Electrum | Best for Best for Stake Casino | Where to Use Stake | Type Hot |
Wallet Ledger | Best for Best Security Features | Where to Use BC.Game | Type Cold |
Wallet Trust Wallet | Best for Best for Binance Users | Where to Use BC.Game, Cloudbet, JackBit | Type Hot |
All of these wallets are safe, user-friendly, and allow betting. And where do you go with your Bitcoin gambling wallet? Here are the best Bitcoin gambling sites to spend your BTC:
Blockstream Green – Best BTC Wallet Overall
Imagine having a convenient and secure way to manage your Bitcoin right at your fingertips. Well, that’s precisely what Blockstream Green offers you!
This hot wallet is perfect for everyday use and if you want to transfer and store BTC without any hassle.
Accessible through the app, web, and desktop, Blockstream Green ensures that you’ll not miss a beat when managing your cryptocurrencies.
Features:
- Fee control – transaction costs are kept low with SegWit and customizable fees.
- Multilingual – many languages are available, including English, French, German, Russian, Spanish, Chinese, Ukrainian, etc.
- Privacy – no personal information required and no KYC.
- Full API support – customizable and accessible for devs who want to merge the wallet with their apps.
- Singlesig support – you can use your keys with any app that supports common wallet standards.
- Multisig Shield – adds an extra layer of security to your wallet.
- Hardware wallet support – you can integrate Blockstream with Ledger and Trezor to benefit from hot and cold wallets.
Available coins:
- Bitcoin
- BTC Testnet
- Liquid
Pros:
✔️ UX-friendly design
✔️ Open source
✔️ Secure
Cons:
❌ Can’t buy or sell BTC
Where to Use for Gambling?
I recommend combining the Blockstream wallet with BC.Game and Stake:
Electrum – Best for Stake Casino
Electrum is an open-source, non-custodial crypto wallet that has been around since 2011, earning its stripes as one of the most trustworthy Bitcoin wallets in the game.
Being non-custodial means having complete control over your private keys, adding an extra layer of security for your crypto assets.
Plus, it’s compatible with desktop and Android devices, offering an accessible and convenient way to manage your precious Bitcoin.
Simply put, Electrum offers the perfect blend of convenience, security, and accessibility for gambling enthusiasts seeking a dependable wallet solution.
Features:
- Privacy and anonymity – your private keys are encrypted, you can run your servers, and you don’t need to reveal personal information. Plus, KYC is not required.
- Proof checking – your transactions are verified using SPV.
- Multisig – you can split the permission to spend BTC between several wallets.
- Cold storage – you can keep your private keys offline and choose to go online with a hot wallet.
- No downtimes – thanks to the decentralized and redundant servers, there’s minimal downtime.
- Recoverable – you can recover your funds from a secret phase.
- Super-fast – uses servers that index the Bitcoin blockchain.
- Compatible with hardware wallets – Electrum supports integration with Ledger and Trezor.
Available coins:
- Bitcoin
Pros:
✔️ Open source
✔️ Easy to install and use
✔️ Extra security measures
Cons:
❌ Not available for iOS users
❌ Outdated design
Where to Use for Gambling?
Electrum is compatible with many casinos, but especially with Stake.
Why?
Because both Electrum and Stake accommodate Bitcoin Lighting Network, which makes the transactions super-fast and much cheaper.
Ledger – Best Security Features
Ledger is known for being a pioneer and a crowd favorite among hardware crypto wallet providers. They offer three wallet options: Ledger Nano S Plus, Ledger Nano X, and Ledger Stax.
The best part is that these nifty and secure gadgets are compatible with iOS and Android devices, ensuring optimal accessibility and convenience at your fingertips.
Simply connect to Ledger’s desktop and mobile apps, and you can buy, stake, and swap from a collection of over 5000 tokens and coins, including the coveted Bitcoin.
Features:
- Industry-leading security – the only certified hardware wallet by ANSSI, contains Secure Element (SE), and they have their own custom OS (BOLOS) to protect against malicious attacks.
- Strong community – trusted by 5+ million users.
- Compatible with 50+ wallets – you can use external wallets to manage your coins.
- Ledger Live App – the wallet has a Live app where you can buy, sell and trade 5500+ coins and tokens.
- Own your private key – nobody can access your private keys but you.
- Support – customer service is available in multiple languages.
Available coins:
- 5500+ tokens and coins, including Bitcoin, Ethereum, Dogecoin, and even NFTs.
Pros:
✔️ One of the most popular and reputable hardware wallets
✔️ Extremely secure
✔️ 5500+ available cryptos
Cons:
❌ Pricey, starting from 100 USD
❌ Has a learning curve
Where to Use for Gambling?
My recommendation goes to BC.Game, as they have promoted Ledger for their casino and sportsbook.
Trust Wallet – Best for Binance Users
Trust Wallet is a hot, non-custodial multi-cryptocurrency wallet that has been making waves in the crypto world.
As Binance’s official wallet, it supports an impressive 70 blockchains and access to over 4.5 million crypto assets.
But Trust Wallet isn’t just about storage – it also includes access to decentralized applications (DApps), letting you do everything from gaming to trading.
Additionally, this wallet lets you store stablecoins, making it an all-in-one solution for cryptocurrency storage and management.
And if you’re into NFTs, Trust Wallet has got you covered – you can easily manage all your non-fungible tokens right there.
Features:
- NFT wallet – you can buy, sell, and store your collectibles in one place.
- Multi-crypto support – besides BTC, you can use multiple coins.
- Private and secure – Trust Wallet doesn’t collect any personal information.
- Binance connection – since it’s the official wallet of Binance, you can easily carry out transactions through them and connect to any digital assets you’re holding
- UX friendly – app’s design is intuitive and easy to use.
Available coins:
- Thousands of supported coins, including all the popular altcoins for betting.
Pros:
✔️ Official crypto wallet of Binance
✔️ Supports multiple cryptocurrencies
✔️ Secure
✔️ Anonymous
Cons:
❌ No cold storage
Where to Use for Gambling?
As Trust Wallet is the official Binance crypto wallet, I recommend going with the bookies that, besides Bitcoin, also support BNB:
Best Bitcoin Wallets for Specific Purposes
So far, we went through the best choices in general when it comes to Bitcoin wallets for gambling. But you might be wondering – which is the best wallet for specific games? What about the best option for sports betting? Let’s go over it:
Best Bitcoin Wallet for Sports Betting
Gambling isn’t just about casino games. Today, you can also bet on your favorite sporting events using Bitcoin. And, when it comes to sports betting, we recommend using an e-wallet like Blockstream– it’s quick, easy to use, and offers a great user experience.
Remember, Blockstream is the bettor-friendly counterpart to Coinbase. What’s a better recommendation than that?
Best Bitcoin Wallet for Online Poker
Poker is one of the most popular casino games in the world – and, luckily, there are plenty of great Bitcoin wallets that support it. For my money, though, the best option is definitely Electrum.
Bitcoin poker sites like BC.Game are safe enough to use a non-custodial wallet, too. But, if you plan on participating in tournaments, the risk for your funds is higher – which is why I recommend the top privacy and top security option.
What Is a Bitcoin Wallet?
Now that we had a quick look at our favorite BTC wallets for gambling, let’s talk about why they made the list. What should you look for when choosing a Bitcoin gambling wallet? How did I make my picks?
Well, for starters, I look for BTC-friendly wallets. This may seem obvious, but some wallets don’t work particularly well for every crypto. For example, the best Dogecoin wallet might not be your top Bitcoin option.
But I’m getting ahead of myself. Let’s break the topic down into more detail:
First things first – what even is a Bitcoin wallet?
IN THE MOST BASIC TERMS
A Bitcoin wallet is a digital storage space for your Bitcoin.
It’s like your bank account, where you can keep, receive, and send your Bitcoin.
But unlike a bank account, a Bitcoin wallet can be decentralized – meaning there is no central authority or middleman controlling your Bitcoin. Even when a central authority (like a Coinbase gambling wallet,) there are fewer restrictions – but also fewer safety measures.
Every Bitcoin wallet has private keys (kind of like your bank account number or credit card number) that correspond to your blockchain address.
You use the keys to sign transactions, which is why it’s so important to keep them safe. If an attacker gets hold of your private key, they can control your Bitcoin, sending them wherever they want.
Even though all wallets use this basic principle, there are still different types of BTC storage – some better for casinos than others. Here’s what you should know before choosing your Bitcoin gambling wallet:
You can choose between hot wallets like desktop, web, and mobile, as well as cold wallets like paper and hardware wallets – each with advantages and disadvantages.
Let’s have a look:
Hot Wallet
A hot wallet is a type of digital purse that stores your Bitcoin private key in an active, online environment.
Hot wallet is the best option for online gambling.
This makes accessing and using your cryptocurrency easier for everyday purchases, trading, and betting.
Hot wallets can be on:
- Desktop
- Mobile
- Web
Hot wallets are also faster and easier to set up than cold wallets, making them an attractive option if you’re just starting with cryptocurrency.
Pros:
✔️ Easy to use
✔️ Free
✔️ Instantly accessible
Cons:
❌ Increased risk of security breaches
❌ You can lose your funds if the wallet closes unexpectedly
All in all, hot wallets provide those new to crypto gambling.
Cold Wallet
A cold Bitcoin wallet, simply put, is like your secret, super secure vault for keeping your Bitcoins.
Unlike the hot wallet used for everyday transactions, a cold wallet isn’t connected to the internet.
If you want to store larger amounts of Bitcoin, then a cold wallet is your go-to because of its high security.
This means it is less susceptible to hacks, giving you a sense of relief as your Bitcoins rest snugly in the virtual vault.
Cold wallets can be in the form of:
- Paper – a physical piece of paper containing all the essential information you need to access and manage your digital currency, such as your private key and QR code.
- Hardware – USB-like hardware designed for storing your crypto.
Pros:
✔️ Super secure
✔️ You manage the private keys
✔️ Anonymous
✔️ Can be recovered if lost or stolen
Cons:
❌ Comes with a price tag
❌ Has a learning curve
What Makes a Good Bitcoin Wallet for Online Gambling?
Not all BTC wallets are casino-friendly. So how do you pick an option to bet with? There are three main things to look out for:
- The wallet should be safe.
You are trusting this casino wallet with your coins, after all. Look for a well-known and well-reviewed option. Up-and-coming wallets might be nice, but I’ll always prefer the ones with a longer track record.
For security reasons, I also recommend that you don’t use online wallets. Desktop and mobile ones can be just as convenient – but they’re definitely safer. - It should be easy to use.
You don’t want to spend hours trying to figure out how to send or receive payments. The best Bitcoin casino wallet should have a simple and straightforward interface that you can navigate with ease. - The Terms & Conditions should allow gambling.
Not all wallets (for example, Coinbase) allow gambling-related transactions. Before you opt for a wallet, make sure that it won’t block your payments to and from online casinos.
Just FYI, the Bitcoin wallets I recommend in this article check all of these boxes – and more. I still recommend you do your own research before choosing one, though.
How to Set Up a Bitcoin Wallet for Online Gambling?
The next step is to set up a wallet for gambling
For that, follow these step-by-step instructions:
- Open an account at your chosen crypto wallet.
- Buy BTC. Remember, some Bitcoin wallets (Ledger and Trust Wallet) have an on-site exchange, and you can quickly get the coins there. Otherwise, go to a third-party provider and exchange cash for BTC there.
- Transfer Bitcoin to your wallet. Once you have the BTC, you need to transfer it to your wallet. How? Simply copy the address of your crypto wallet and paste it into the “Send” field of the exchange.
If you bought BTC directly from the wallet provider, the funds will be in your account after the purchase. - Find a BTC casino. You already know the top recommendations.
- Deposit BTC and start gambling. The last step would be to deposit coins to your account using your wallet. Once done, find your favorite game and start gambling.
Good luck!
Do I need a BTC Wallet for Gambling?
The short answer is no – you can gamble without having a dedicated Bitcoin wallet.
How?
The reason is that some platforms have on-site crypto exchanges. This means you can deposit fiat and buy BTC directly from the site without needing a third-party wallet.
Some casinos with an on-site exchange are:
To Sum Up
Now you know everything about Bitcoin wallets and how to use them to gamble online.
You know where to buy your BTC and which casinos to play at. I’ve also given you recommendations to help you choose the best Bitcoin wallet for online gambling.
But that’s not all – I also frequently review crypto casinos (check out our main page for all our favorite sites), have a Bitcoin gambling strategy guide to help you succeed, and I also stay on top of crypto trends like NFTs and the Metaverse.